If ... had ...'s mcap →
About this comparison
This page compares the market capitalizations of Ethena USDe (USDE) and Ethereum (ETH). With Ethena USDe currently at $0.9990 per coin and a market cap of $4.44B, and Ethereum at $2,136.00 with a market cap of $257.74B, applying Ethereum's market cap to Ethena USDe's circulating supply produces a hypothetical USDE price of $57.97 — a 58.0x move from current.
Ethena USDe: Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate
Ethereum: Ethereum is a global, open-source platform for decentralized applications.
All figures are live from the underlying market data feed. Past performance and hypothetical valuations are not indicative of future results.
Frequently asked
If Ethena USDe had Ethereum's market cap, what would the price be?
If Ethena USDe (USDE) had Ethereum's (ETH) current market cap of $257.74B, each USDE would be worth approximately $57.97 based on the circulating supply of 4,446,106,209 USDE. That is 58.0x the current USDE price of $0.9990.
What is the current market cap of Ethena USDe?
Ethena USDe (USDE) currently has a market cap of $4.44B, ranking #24 by market capitalization. Each USDE trades at $0.9990.
What is the current market cap of Ethereum?
Ethereum (ETH) currently has a market cap of $257.74B, ranking #2 by market capitalization. Each ETH trades at $2,136.00.
How does USDE compare to ETH?
Ethena USDe's market cap of $4.44B sits well above Ethereum's $257.74B. For USDE to reach ETH's current valuation, the price would need to move 58.0x from its current level.
Is this comparison financial advice?
No. G.MARKETS is an informational tool. The hypothetical price shown is a mathematical calculation assuming Ethena USDe's circulating supply stays constant — it is not a prediction, recommendation, or any form of financial, investment, legal, or tax advice. Always do your own research before making any decision related to crypto assets.